Microsoft Agreed to Pay Inflection AI $650 Million While Hiring Startup's Staff, Reuters Reports
--Microsoft agreed to pay startup Inflection AI $650 million while hiring its staff, Reuters reports, citing a person familiar with the matter.
--The transaction between Microsoft and Inflection AI is mostly a licensing deal that would make the startup's models available for sale on the Azure cloud service, the person said, according to the report.
--Microsoft declined to comment and Inflection AI didn't immediately respond to a request for comment, Reuters reports.
--The news about the transaction was reported earlier Thursday by the Information, according to the report.
Full article at https://www.reuters.com/technology/microsoft-agreed-pay-inflection-650-mln-while-hiring-its-staff-information-2024-03-21/
Write to Daniel Papp at daniel.papp@wsj.com
(END) Dow Jones Newswires
March 21, 2024 14:31 ET (18:31 GMT)
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